Section 1023.1 - Maximum term for lease of real property(a) A lease of real property held by the department for a home shall not exceed five years, unless one of the following apply: (1) The lessee is a town, city, county, or city and county, or a political subdivision thereof, where the home is located.(2) The lessee is a nonprofit organization that provides services exclusively for veterans of the Armed Forces of the United States and their families.(3) The contract for the lease with the department or the Director of General Services was executed before January 1, 2021.(b) The department or the Director of General Services and a lessee may renegotiate the terms of the contract described in paragraph (3) of subdivision (a), except that any terms regarding the duration or renewal of the contract shall not be extended, unless those terms meet the requirements of this section.(c) A lease contract with any other party may be granted for a term greater than five years only with the approval of the Legislature by statute.Ca. Mil. and Vet. Code § 1023.1
Added by Stats 2020 ch 61 (AB 240),s 3, eff. 1/1/2021. See Stats 2020 ch 61 (AB 240), s 7.